We are All Gonna Make It (WAGMI) and Zeus Tools (ZEUS) compared side by side. Their daily returns move barely in opposite directions (correlation -0.04 across 21 shared trading days). WAGMI has been the more volatile of the two, at 21472% annualised against ZEUS's 472%.
WAGMIZEUS
-0.04over 21 shared trading days
Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.
| Metric | WAGMI | ZEUS |
|---|---|---|
| Max drawdown (400d) | -99.7% | -74.4% |
| Risk-adjusted return (90d) | 0.00 | 0.01 |
Relative strength over 90 days: ZEUS outperformed WAGMI by 98.8% — measured on the WAGMI/ZEUS ratio, so it holds regardless of market direction.